Matawa First Nation Management receiving funding from Ontario to study transmission line development
MNDM press release
Funding Helps Northwestern Ontario Attract Investment
October 21, 2008
McGuinty Government Supports Region’s Economic Growth
Four new provincially funded projects are helping to bring jobs and economic growth to northwestern Ontario.
Through its Northern Communities Investment Readiness initiative, the Ontario government provided a total of $92,600 to projects that have helped create, attract, and support investment opportunities across the northwest and into the Far North. The funds were used for projects such as inventories, analyses, reports, and workshops geared towards attracting business to communities in the region.
QUOTES
“Our funding helps communities attract new business investment throughout the North,” said Northern Development and Mines Minister Michael Gravelle. “Northwestern Ontario has much to offer private sector developers and entrepreneurs, and we must make every effort to communicate this potential to the investment community.”
QUICK FACTS
- To date, over $1.2 million in investment readiness funding has been provided to 123 initiatives across the North.
- The Northern Communities Investment Readiness initiative is a key component of the GO North Investor Program, which promotes a strong investment attraction climate in Northern Ontario.
LEARN MORE
- Ministry of Northern Development and Mines
- Click here to Learn more about the Northern Communities Investment Readiness
Anne-Marie Flanagan, Minister’s Office, 416-327-0655
Mike Dunlop, NCIR Initiative, 807-475-1773
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Backgrounder
Funding Helps Northwestern Ontario Attract Investment
Development organizations in Northwestern Ontario have benefited from provincial funding provided through the Northern Communities Investment Readiness initiative.
The initiative gives eligible communities, economic development corporations, and First Nations up to $5,000 per applicant to develop the tools and capability to attract, and successfully explore investment opportunities. Applicants previously funded through the program may reapply where additional funding will advance the investment strategy.
Funding was distributed as follows:
- $43,900 to the Northwestern Ontario Municipal Association (NOMA) to develop a literature review of investment challenges/barriers in the tourism and energy sectors. Its findings will be distributed among northwestern Ontario municipalities, as well as treaty and membership organizations such as the North of Superior Tourism Association, and the Northern Ontario Native Tourism Association.
- $31,000 to Patricia Area Community Endeavours Inc. to conduct a regional asset inventory that includes commercial real estate, natural resources, workforce, transportation/healthcare/education infrastructure, and existing businesses.
- $12,700 to Matawa First Nation Management to prepare a strategic plan for the potential development of a power transmission line.
- $5,000 to the Northwestern Ontario Development Network to conduct four strategic workshops on site selection trends, provincial joint marketing efforts, and business attraction methodology.
Anne-Marie Flanagan, Minister’s Office, 416-327-0655
Mike Dunlop, NCIR Initiative, 807-475-1773